President Trump said that on Thursday, his administration would start sending letters in other countries that would have been informed about tariff rates that would have to do business in the United States, diminishing his desire to strike dozens of individual trading jobs.
“My propensity is to send a letter and I say that the tariff will pay. It is much easier,” Trump told reporters while he went on Iowa. “We have much more than 170 countries and how many offers can you make? And you can make good deals, but they are very complex.”
“I would rather send a letter in which it is what you will pay for business in the United States,” Trump continued. “And I think that will be well received.”
The president said letters will start going on Friday to approximately 10 countries a day.
Trump has dropped 20 percent, 25 percent and 30 percent as potential tariff rates, but it was not clear whether it would be a number that would number to other nations.
The President’s announcement passes within 9. July who sent a white house in indirect agreements with other countries after the president paused “reciprocal” tariffs in tens of other nations.
The break should have given space for negotiations, and the White House officials had progress in talks with various countries for weeks. Finally, the United States reached an agreement with the United Kingdom and Vietnam and agreed on the framework for a deal with China.